Here is my preliminary reading list for the spring semester; the class is for Ph.d. students and some Masters students. I always have them read one atheoretical, typically lousy management book for purposes of contrast. I then ask them why abstract theory is any better. Most of all I try to teach the core mechanisms of microeconomics. I believe in enforced self-constraint, no matter what the academic level, so they have a brief quiz on the assigned readings every week. Additional reading suggestions would be welcome, I have turned on the comments function for this purpose. If you wish, check out part I of the class from this fall, can you guess who taught that…?















Not a suggestion but a correction — “Good to Great” is by Jim Collins, not Robert Collins.
Here’s a possible addition: Thomas W. Hazlett, “Is Antitrust Anticompetitive?† Harvard Journal of Law & Public Policy, Spring 1986.
A book you might consider is Alfred Rappaport’s “Creating Shareholder Value: A Guide for Managers and Investors,” rev. ed., 1998. In this book he constructs the firm’s real acid test and the best measure of corporate strategy: whether it builds economic value for shareholders.
If you want to know why most mergers and acquisitions don’t make economic sense and destroy value, it’s in here.
The heart of the book is about formulating and valuing strategies, and how they form a feedback loop communicated via stock market signals to management, shareholders, and analysts.
He also has some interesting criticism of the competing EVA (economic value added) approach championed by G. Bennett Stewart III and the Stern Stewart firm.
Are undergradutes at George Mason permitted to audit Master’s or PhD level classes?
I realise that I’m way below (or behind?)a PhD or masters course so I assume that your students will have come across these three at an earlier stage, or at least hope they would have. Understanding a firm or any other organisation is a great deal easier having read Laurence Peters (The Peter Principle), C. Northcote Parkinson (Parkinson’s Law and of course the famous calculation about RN admirals and ships)and Robert Townsend’s Up the Organisation. Diligent students should be able to get through all three in an afternoon.
I Just finished my masters and had IO as one fo my optional, I read a lot of the classical papers from Dasgupta, Partha and Sutton, Jonh. Found the very important to actually undertand the rest of the course
Thanks for the KP inclusion!
Two suggestions:
1. Alchian “Uncertainty and Evolution”; I think it fits best in the “Firm” category, although it’s more general.
2. Something on contestability. The Baumol, Panzar, Willig book is the classic, but perhaps some applications of it, such as in electric power networks or in telecom networks. Contestability particularly arises when analyzing interconnection access, and access pricing regulation.
I want to say – thank you for this !!!
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